Description

This home is available to purchase through Home Reach

Here you can buy 50% -75% of this Lovell home and pay a low monthly rent on the part you don’t buy. With Home Reach, smaller deposit requirements and lower monthly payments make it easier to buy the home you’ve always wanted! You can initially purchase 50% of your chosen Lovell Home, paying a low monthly rent on the part you don’t buy. You will be granted a 125- year lease, which means you will be able to live in your home as if you’ve bought it outright. You can also buy more of your home in the future (up to 100% ownership, this is known as stair casing). You are eligible to purchase a Lovell Home, Home Reach property if:

Your household income does not exceed £80,000

You have a deposit (at least 5% of the share value)

The property will be your principle home

You pass a financial affordability assessment

50% Shared Ownership Price £129,975**

Get in touch today to discuss the homes available with Home Reach and your eligibility.